The head of the Accounts Chamber, Alexei Kudrin, will leave his post. This he reported in his Telegram-channel. “In total, I spent about 25 years in the public sector. Now I would like to focus on large projects that are related to the development in a broad sense of private initiatives, but at the same […]

Despite Brussels’ best efforts to shift away from Russian fuel, the region has so far failed to completely shake off its dependence on Russia for a vital source of energy, even though pipeline flows have all but stopped, The Financial Times reports. Imports of Russian liquefied natural gas transported by tankers rose by more than […]

Energy is one of those sectors that is connected to all spheres of everyday life. The ubiquity of electricity is one of the main factors that attract investors, as energy companies will always be able to find buyers for their products and will never lack sales. This is one of the reasons why energy companies […]

The island nation has warned of a potential blow to semiconductor production due to recent U.S. moves to reduce dependence on Taiwan’s advanced technology in this area, Bloomberg writes. The recently passed semiconductor law in the U.S., along with a similar proposal in Europe, “could directly or indirectly affect Taiwan’s exports of critical industries,” according […]

Consumer prices in France rose 6.2% year-on-year in November 2022, calculated by French standards, after the same increase in October, preliminary data from the national statistics office Insee showed. Consensus had suggested an increase of 6.1%. Relative to the previous month, prices rose by 0.4%. Food prices in France in November increased by 12.2% year-on-year […]

Ex-director of crypto exchange FTX Sam Bankman-Fried, whose fortune once totaled $26 billion, said that the last time he checked his bank account there was $100k, Business Insider writes. After the crypto exchange collapse, the bulk of his equity dropped from $15.6 billion to $1 billion in one day following news that the cryptocurrency exchange […]

Information technology giant Yahoo is planning to launch a stock trading platform to support growth – sort of becoming a Bloomberg analog for retail investors – and to get into sports betting as one of its many strategic moves, Business Insider writes. Yahoo reported annual revenue of $7.1 billion in 2020. Yahoo and AOL were […]

Mohammad El-Erian, chief economic advisor at Allianz (ETR:ALVG), said that the current forecasts of a recession in the U.S. are too bold, as there is not enough evidence yet that the coming downturn in the country’s economy will be short and shallow, Business Insider writes. In his view, many experts dismissed rising inflation last year […]

Retail sales in Germany in October fell by 2.8% compared to the previous month, according to data from the Federal Statistical Agency of the country (Destatis). The rate of decline in the indicator became the maximum since the beginning of the current year. Analysts surveyed by Trading Economics expected a decline in retail sales in […]

The Federal Reserve (Fed) may slow the pace of interest rate hikes following its December meeting, US Central Bank Chairman Jerome Powell said. “The time to moderate the pace of rate hikes may come as early as the next meeting,” he said during a speech at the Brookings Institution on Wednesday. At the same time, […]

As it is known, the so-called “Santa Claus rally” effect happens during the period of growth in the U.S. stock market from the first trading session after Christmas to the second trading session of the New Year, Market Watch writes. No one has yet determined exactly when such a rally should begin and end. Market […]

ECB officials are confident: bitcoin is on the verge of “losing relevance” and its last gasp was already visible on the horizon before the FTX crash, writes Business Insider. Bitcoin was nearing a dead end even before the collapse of Sam Bankman Fried’s FTX, as its technological shortcomings make it a questionable means of payment […]

While to an outside observer the start of 2023 may look great: strong household balance sheets and a stable labor market, the outlook for the future doesn’t look so rosy. And it’s all about companies trying to keep up with strong consumer demand, which in turn will keep inflation above the Fed’s 2% target, which […]

While tech companies hired aggressively during the pandemic as the economy moved online, in recent months they have seen growth slow dramatically as the Federal Reserve’s interest rate hikes have hurt consumers and eroded their profits. The situation today, according to many of America’s prominent business leaders, such as Ilon Musk and Jeff Bezos, does […]

A Wall Street trader spent about $36 million on a bullish bet on options tied to S&P 500 index growth over the next month, Bloomberg writes. In Wednesday’s transaction, someone bought about 20,000 call options tied to S&P 500 growth that expire Dec. 30 with a strike price of 4,175. As the benchmark index jumped […]

In the wake of the spat between Ilon Musk and Apple (NASDAQ:AAPL), the voice of Meta (NASDAQ:META)* CEO Mark Zuckerberg has been heard, speaking at the New York Times DealBook Summit, speaking harshly about the Cupertino-based company and how it controls its app store. “Apple has distinguished itself as the only company that tries to […]

OPEC+ kept the plan to limit oil production amid the introduction of a price ceiling, scooter rental service Whoosh announced the IPO price range – these and other important news for Monday morning, December 5, in our daily review. OPEC+ countries, which includes Russia, decided at a meeting on Sunday to stick to the current […]

In November, EU countries reduced their gas demand by a record 25% compared to the average for the last five years. The drop was explained by measures to reduce dependence on Russian energy resources. According to the ICIS consulting firm, in November the demand for gas in the largest consuming countries – Germany and Italy […]